About this Show

Mc Laughlin Group

News/Business. (2013) New.

NETWORK
PBS

DURATION
00:31:00

RATING

SCANNED IN
San Francisco, CA, USA

SOURCE
Comcast Cable

TUNER
Channel 15

VIDEO CODEC
mpeg2video

AUDIO CODEC
ac3

PIXEL WIDTH
704

PIXEL HEIGHT
480

TOPIC FREQUENCY

China 13, Nicaragua 8, America 6, Obama 5, Panama 4, Washington 4, Amazon 3, U.s. 3, Goodman 2, John Casey 2, Regan 2, Scott Walker 2, Twins 2, Chris Christy 2, Us 2, Romney 2, Russia 2, India 2, Jeff Bazo 1, The Economy 1,
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  PBS    Mc Laughlin Group    News/Business.  (2013) New.  

    August 30, 2013
    8:30 - 9:00pm PDT  

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from washington, the mclaughlin group, the american original, for over three decades, the sharpest minds, best sources, hardest talk. >> issue one, labor pains. much of president obama's focus has been on the middle class and quote/unquote, better bargain. in terms of education, living standards and most notably, jobs. president obama chose an amazon.com warehouse as his
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venue. amazon announced it was adding 5,000 new workers to its company. >> should be doing everything we can to create more jobs with good pay. >> how good are the jobs at amazon warehouses? many are temporary and conditions are harsh. the pay is $11 an hour. >> the white house was asked prior to the visit, whether these were the kinds of jobs the president wanted to create. the director of the white house national economic council, responded for the president, quote, we should not denigrate any job or any work. people work at different jobs throughout their lives. families piece together, sometimes two, to have a degree of middle class security. >> was an amazon warehouse
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venue the proper chase? >> pat? >> it has moved from a production economy to a service economy. service jobs pay far less than the old manufacturing jobs d. the truth is, the country has moved more toward finance and away from production and that leads to massive inequality. >> corporate america and the economic emerged and the republican and democratic party merged and brought in low, cheap products and offered a lot of jobs and changed america, not for the better. >> eleanor? >> i agree there's no significant labor move in the country and we really could use it. corporate america is the bull in the china shop, and china metaphor there is also meant. but when i look at the setting with amazon, if you're the owner
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of an independent bookstore, you're not going to like the president chose this setting. they did announce they're creating 4,000 jobs, setting up distribution centers and the phrase that's use side bricks and click. they have acknowledged that they do support some sort of an internet tax, and so there could have, on the progressive end of how it works with our tax system. jeff bazos, the genius behind amazon, is one of silicone valley, california start ups. they're getting into policy, just with facebook is hill on the way side. it's almost like another government there. in that sense, this is recognizing the future, and the future is here. >> the you apparently did not
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read sarah o conar's piece the 9th of february. she said workers were pained minimum jobs to do full-time jobs. it was like a robot in an assembly line. very negative article. >> i didn't -- i missed the article. i look forward to them forming a union. >> i do support unions because i think they support the working population and they need that collective organization to bargain fairly. >> can i quote you on that? >> i've said it a long time. the fundament at issue is roughly 65% are what you would call information processing. sooner or later, machines and computers are going to be able to replace a lot of those jobs. that's an innef intable
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convenience -- inevitable convenience. >> we are creating approximately 170,000 jobs a month. it was two 70270,000 jobs a month when it was regan. we're in a totally different job creation mode as an economy. >> if you look at the other statistics, it took, typically, 25 months to restore employment to the peak over the start of a downturn. >> our population has grown by 31 million and our labor force by 11.4 million and we're 4 million fewer jobs. >> before i can get a report from you, also, pat, and we all drown in this pecimism. >> from 7.4% in july, this is
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the lowest unemployment level since january, 2009. president obama's first month in office, four and a half years ago. that's the good news. >> now, the not so good. item, unemployment higher than pre recession levels. the great recession began almost six years ago in december 2007 and continued through george bush's years in office, 2008. >> president obama inherited the recession in 2009 and lasted for six months. it officially ended in june of 2009, president obama's first term. when the recession hit in 2007, unemployment was at 4.7%. today, it is at 7.4%. so, unemployment is still 2.7% higher than what it was before
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the great recession, 2007-2009. item, job losses. during the 2007-2009 reception, 8.7 million jobs were lost, but since 2009 end, 6.7 million jobs have been created over the four-year period, 2009 to 2013. that means we are still at a deficit of 2 million jobs. >> do you have the impression sitting here as five auditors? >> i hope not. >> you want to do anything with these numbers before we all collapse of bored em? >> ? >> all of us who work in print and media have seen what happens with the seismic changes like amazon and the new internet economy that we are in.
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this also offers a lot of opportunities. jeff bazo's taking over the washington post, for example. he understands distribution, how to get books out right away. the post knows newspapers. >> this is the future economy. ordering stuff over the web and getting it shipped. >> the largest employer in america, john, 40s, general motors, ford was number two. now it's walmart and amazon.com and mcdonalds. look at those guys. they're good jobs for kids coming out of school but you have grown people, retired people and others. it's turned into a service economy and the grade industrial productive nation exported its factories to china. >> walmart -- >> do they come and go, according to sales? >> they come and go. >> walmart would refute what you just said, in particular. there are many jobs in their structure and those can be good paying jobs but there's a conflict going on in the
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district of columbia, where the local council wants them to pay a living wage, not a minimum wage, and walmart is saying if they're made to do that, they're not going to come in at all. so the mayor is faced with a very difficult -- i suspect he will veto the council's resolution and the folks need the jobs and they're not in a position to demand the higher age. >> jobs in america is the most important for the family structure, for the economy, for every part of american life. we have had a transformation in the nature of employment. over 60% of the jobs being created now are part-time jobs. part-time jobs, a, average compensation from part-time jobs is $25,100, and they don't have healthcare more often than not. so you have a -- >> the fed are responsible for a lot of suffering. it keeps the interest rates at 0, the banks borrow at 0 and put
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out the loans at 3, 4%, and old folks, who are going to rely on interest income to live on, are getting 0% income on their savings. so this economy's being structured for the rich. >> can we draw and preverse india and china -- >> india's in desperate trouble. >> that's what i'm saying. they're in trouble with the job situation, and russia. >> and china, which was the big powerhouse, 3 million college grads this year and last year don't have jobs. i mean, the challenge of what kind of jobs we're going to create for a growing population is being faced the whole -- world over. >> yes, i -- i'd be in favor of reducing the work week and sharing jobs. >> a lot of these problems would be alleviated if we had a
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booming economy, with a larger supply. then it'd be easier to negotiate with walmart and the bigger people. >> recovery's just too slow, a lot of that because of uncertainty right now. the economy's been growing at a 2% rate for the last four years. the average rate of growth for every previous four-year recovery from a recession is 4.1%, in the context of the largest fiscal and monetary issue in years. ben bernaki saved the financial group. the economy does not work. >> he saved the top 400 and the banks, then you would understand that. >> and the rest of us are on our own. >> china, brazil, and russia
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have relied on foreign capital slows on the bernaki power flow. >> there are recessions going on all around the world. we're in a global recession. this is the worst we've had since the great recession, okay, or the great depression. >> i'm getting overcome with bordem. >> what are the principal cause of the economic malaise? is it a financial crisis by wall street, a housing bubble by washington politicians, a trade crisis by china's admission, or consumer debt, or all of the above? >> all of the above. >> that's right. proportionetly, all of them. >> i think the globalization of economy and the nationalization of the american economy is behind it all. >> you think we could survive without a flourishing economy? >> we survived for 200 years before we got into the global
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economy. >> housing -- the recent great recession is caused by the housing bubble, the bursting, and the greed on wall street. >> the chinese is representative of one problem, which is we have a tremendous transformation of the global economy. they're much more competitive in a lot of products that we used to make but the real problem is we're in a tremendous technological campaign. >> the world is interrelated in a way that it never has been. >> it is. and i don't like it. >> the world is changing. we cannot roll back the clock on globalism. we tried to do it in the past. we brought about recession. consumers here love global trade because it makes things cheaper, and, okay, it under cuts jobs.
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the economy's going through changes. >> the consumers brothers and sisters don't make them any more. >> there are ways to boost the working class america and better ways to make them consumers, as well, better ways to him prove education -- improve education. >> what we need is to have a tremendous transformation of our education. >> how did we get into education? >> issue 2, 2016 wanna bees. >> it's labor day in washington to know and everyone has fled, including the 535 members of congress. hordes of government workers are also gone. at the beach or at the pool, anything but laboring. so whose left in the nation's capital? we are political geeks. guess what we're doing? prognosticating, as in who will the republicans nominate for president in 2016? after all, the next presidential
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election two 16 is2,016, is only two thnd -- only days away. >> okay. the punitive 2016 republicans lineup ala alphabetical order. >> dr. ben carson, retired neurosurgeon, ted cruz, peter king, new york, representative, grand paul, kentucky, president, rick perry texas, governor, marco rubio, donald trump, real estate mogel. >> who on this list is the top
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gop nomination? >> the answer is jeb bush. you're not going to see immediately, scrambling on the right. republicans tend to respect seniority. florida and the rest will come back. >> you know whose leading in the polls now don't you? >> of course, i do. look at somebody like rand paul or jeb bush or donald trump. >> chris christy's got to get past the right wing. quite simply, i think he and jeb are both in the race, so will ted cruz and rand paul.
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chris christy's in favor of gun control, and the other he has his arm around president obama. he said -- he's an eastern republican. he comes across as a liberal. to the tea party people, he does. >> many republicans -- i'm sure he does, to some republicans. he and jeb bush are the two main likely candidates. i think those are the -- i'm not supporting anybody. keeping the neutral position of the journalist. >> i disagree. i think the top two candidates right now are ted cruz and rand paul. clearance is very well correct. jeb bush, he's a goodman and good governor, but he doesn't
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have the car is -- carisma his brother did. >> father and son competing? >> no, it wouldn't happen. >> the dad supports the son, but those, right now, i would say those are the two front runners. >> why hasn't anybody mentioned the donald? >> he's a fringe player under the best scenario. rand paul will do good on college campuses, wears blue jeans. he's not a friendly person. >> they cheer this guy and come out of their chairs when he speaks. >> who? >> rand. >> senator ted cruz, here he is blasting obama care. >> i'll tell you the single biggest thing in washington, and i think the most important
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fight, is the fight to defund obamacare. >> it expires on september 30th. i've publicly stated under no circumstances will i vote for one penny of obamacare. >> so cruz is somebody to keep your eye on? >> he's going to do battle in the near future. they're going to try to defund the continuing resolution to get obamacare out of it, and if necessary, let the government shut down. >> that's a strategy for the democrats. whose interested in the presidency. >> i would say you have santorum and cruz. >> they're the most conservative. you can have fun in that phone booth that republicans occupy
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before regan came along. >> slowly creep up and take the nomination. >> i don't slowly creep up in the republican party process. you either do it or you don't. >> do you think bush could do it? >> i -- you know, if you had it all split up, the conservatives are split up, but have you christy there, and clearance is right again. >> jeb bush? >> he's a goodman. >> he would good man. >> if they want to win, they're not going to be nominating the people that pat is talking about. they're sure losers. >> with mitt romney, he lost the early primaries, but the silent majority of republicans that say, we want to win and they tend to gravitate to a reliable standard. >> if we can't win, we should be --
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>> they lost with romney, they lost with mccain. >> which of the following gop primaries is likely to throw him or her hat in the ring? >> who will run? >> scott walker and john casey are the two likely that i see that might get in. there's a lot of people i know for scott walker. >> i think he's terrific. i don't know he's a national candidate. >> those are two successful governor's, states that are swing states, and they've been auditioning on cable tv, so i think they're both interested in being a national candidate. >> there's a big card to play. >> not the governor of alaska. >> walker is the one governor whom i think it go in. >> do you think he can win?
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>> he's very personalable. >> and he's been a very effective governor. >> is he roman catholic? >> i don't know. >> does she have twins? >> do i have the right guy? >> he's not good on unions. >> paul walker and john casey are both being pushed. >> john casik has twins. >> who can win? >> either one can win this time around, but, again, republicans appreciate seniority. you have to run once to get your name out there and some experience and then you run the second time in order to win. so, what wouldn't surprise me is if they both got it. >> do you think after four years and obama, the people would be ready for a republican? >> i think after a couple losses, republican or democratic, they're ready to nominate a winner. >> the answer's too close to call. >> issue three, nicaragua's canal.
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>> the panama canal has connected the pacific ocean with the atlantic ocean via the carribean. >> it has been a key maritime shipping lane. the 48-mile long water way transits nearly 5% of the world's trade. >> the u.s.'s so-called canal zone up until 1999, 14 years ago used. >> panama being the only canal may change. >> the government just inked a deal to build a new canal that the connect the two major oceans, this time a chinese company would build it and then administer it, a hong kong based company called hk and d.
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and the ceo wang jing, a chinese telecommunications billionaire. >> the nicaragua canal will be 82 miles longer than the panama canal. at least 130 miles long and cost an estimated $40 billion to build. this map shows the likely cost and how it will be bigger than the canal. >> wong jing wants to given construction, 2015 and complete is 2019, an oddationous goal. >> let's assume the us restricts china, then china has a nicaraguian for easy access for the navy and to the atlantic and eastern seaboard of the u.s. so is the building of the nicaragua canal an issue of
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national security? >> john, if the united states is in a position over closing the panama canal to the chinese, i don't think we're going to have a problem with nicaragua. and the nicaragua yan canal will be no problem for shutting down the united states navy. then you're talking about a wartime situation. >> i don't think we should oppose a nicaragua canal. it can take much larger vessels than it used to and if these folks want to build it, let them go ahead and do it. >> and on what grounds would we owe pp would we owe ppose it? >> both china and the nicaraguians are happy it's been on the business pages because they're away of sensitivity.
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it's the result of china on the march of figuring out where this would be and this would give them easy navigation in waters near the u.s.. they're thinking smart. >> i don't think my contention is getting through. i won't call it a proposition. >> strategy reasons for it, geo. >> that's why china wants to build it, own it, et cetera. >> i think you have a great movie plot for the battles of the canal. >> john, let's get serious here. number one, we do need a second canal. it would be a good idea. while it has been expanded it won't tank super tankers and this would cut a lot of miles off shipping. and nicaragua has approved a study to look at whether they approve the project. year talking about a decade from now. >> they don't want the nicaraguas to build it. jing wants the chinese to build
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it. >> i would say it has a less than a 1% chance it would be financed. i wouldn't bet $10. >> the chinese are going to finance it cheap financing. >> there's no such thing at $40 billion at cheap financing. >> if there's not a house in china, he doesn't belong to the whole group of you. >> do you think if they purchased capitalism there? >> the reason why -- >> you're not thinking a cheap billed on building the nicaragua canal? >> sorry, out of time. bye-bye.
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